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Sebi proposes rules on pricing of IPOs

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3 years ago

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Sebi proposes rules on pricing of IPOs

Mumbai: India’s market regulator plans to require new-age tech firms to justify the pricing of shares for their IPOs to ensure transparency, after shares in some of these companies crashed and eroded billions of dollars in investor wealth.

A discussion paper by the Securities and Exchange Board of India (Sebi) on Friday set March 5 as the deadline for public comment. Shares of some new-age tech companies like Paytm and Zomato have plummeted since going public.

Regulators want new-age tech companies to detail how they price shares in initial public offerings (IPOs), compare them to pre-IPO stock sales, and publish any pre-IPO investor presentations to help investors make decisions. a wise decision.

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Sebi observed that many of these companies are going public without a solid track record of profitable operations for at least three years. These companies typically have been losing money for a long time before breaking even because they chose to scale rather than make profits during the growth phase.

Some have gone public in the past year, hoping to capitalize on the stock market’s record rally. However, most are currently trading at a discount. Currently, the company only discloses earnings per share (EPS), price-to-earnings (P/E), return on equity (RoNW) and net asset value (NAV) and how these accounting metrics compare with peers, i.e. similar – the largest in the industry big company.

Such traditional parameters cannot be applied to new-age tech companies, Sebi said. It states that disclosures in the “Basics of Issuance Price” section must be supplemented, especially for loss-making companies, using non-traditional parameters such as key performance indicators (KPIs) and disclosing certain additional parameters such as transactions/fundraisings based on past valuations Activity.

“New-age startups that go public differ from traditional companies and this move is imminent as most startups are losing money. Before filing any offering documents, such companies should disclose estimates based on new offerings and acquisitions over the past 18 months. Current metrics may not be sufficient to give investors a clear picture of a company’s financial metrics. These new proposed reporting parameters will help investors make informed investment decisions related to these new age companies,” said Sonam, Managing Partner, KS Legal Chandwani said.

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In his six-page paper, Sebi said such companies should disclose any key KPIs shared with any pre-IPO investors in the three years preceding the IPO.

Complete News Source : Mint

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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2 months ago

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January 30, 2025

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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